Baird Financial Group Inc. Has $67.35 Million Stock Position in EOG Resources, Inc. $EOG

Baird Financial Group Inc. cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 563,098 shares of the energy exploration company’s stock after selling 50,620 shares during the quarter. Baird Financial Group Inc. owned about 0.10% of EOG Resources worth $67,352,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. StrongBox Wealth LLC grew its holdings in EOG Resources by 1.9% during the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock valued at $576,000 after purchasing an additional 88 shares during the last quarter. ORG Partners LLC increased its stake in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the period. Ameriflex Group Inc. lifted its position in shares of EOG Resources by 31.6% during the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock worth $46,000 after purchasing an additional 91 shares during the last quarter. Granite Harbor Advisors Inc. lifted its position in shares of EOG Resources by 3.2% during the 1st quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company’s stock worth $389,000 after purchasing an additional 94 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its stake in EOG Resources by 2.0% during the 2nd quarter. Richardson Financial Services Inc. now owns 5,032 shares of the energy exploration company’s stock valued at $610,000 after purchasing an additional 98 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Piper Sandler dropped their price target on EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. Wolfe Research cut their target price on EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. KeyCorp cut their target price on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Melius Research initiated coverage on EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price target for the company. Finally, Evercore ISI boosted their target price on EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus price target of $140.04.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $112.13 on Friday. The stock’s fifty day simple moving average is $108.28 and its 200 day simple moving average is $115.04. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $60.84 billion, a PE ratio of 11.17, a PEG ratio of 8.44 and a beta of 0.49. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the company earned $2.89 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.6%. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.